Follow the Money to Medical Devices & Diagnostics
Spotlight on Bigfoot Biomedical

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Follow the Money to Medical Device & Diagnostic Opportunities highlights a newly funded medical device or diagnostic company. This includes important insights into the featured company’s product pipeline, manufacturing and business relationships, and likely sourcing opportunities.

Bigfoot Biomedical is a U.S. private company that develops a fully automated insulin delivery system for the management of type 1 diabetes. It raised $35.5 million in a completion of a Series A venture capital investment as reported in the PharmSource Lead Sheet on October 27, 2016.

Corporate Highlights

  • Bigfoot Biomedical was founded in November 2014 under the name “SmartLoop Labs.” The company was renamed in February 2015.
  • Corporate Headquarters: Milpitas, CA

Sourcing Opportunities

  • Bigfoot Biomedical plans to use the proceeds to support the development of its automated insulin delivery system.

Device: Bigfoot smartloop insulin system™
Development Phase: Pivotal studies
Medical Specialty: Diabetes/Endocrinology
Purpose: Device – Drug Delivery
Type: Sensor/Analyzer; Pump
Description: An easy-to-use automated drug delivery system for the treatment of type 1 diabetes

Approvals/Clearances:
US – PMA planned
US – IDE approval

Classification: US Class III

Previous Financings

  • January 2016: $2.38 million in a completed private debt placement
  • July 2015: $3.8 million in a completed private debt placement
  • May 2015: $3.0 million in a private debt placement

Medical Device & Diagnostics Pipeline1

Product Candidate Indication Medical Specialty Purpose Type Status
Bigfoot smartloop insulin system Type 1 diabetes Diabetes/
Endocrinology
Device –
Drug Delivery
Sensor/Analyzer; Pump Pivotal Studies

Regulatory Approvals and Clearances

Product Candidate Region Approval/Clearance Year of Approval or Clearance
Bigfoot smartloop insulin system US IDE Approval 2016

1Source: PharmSource Lead Sheet

Contact Information

Bigfoot Biomedical Key Officers
1561 Buckeye Drive Jeffery Brewer, President & CEO
Milpitas, CA 95035 USA Jon Brilliant, CFO
Phone: +1-408-716-5600 Rick Mendoza, Quality Assurance Specialist
Web: www.bigfootbiomedical.com Jen Block, Director, Clinical Innovation

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Scotty is a Research Analyst at PharmSource. He holds a BS degree in Biology from George Mason University and an MPH degree from Eastern Virginia Medical School. He’s experienced in data collection, analysis and management, and has done laboratory analysis and safety program development.

More posts by Scotty Chung-Siu